Using real options for an eco-friendly design of water distribution systems

@article{Marques2015UsingRO,
  title={Using real options for an eco-friendly design of water distribution systems},
  author={Jo{\~a}o Carlos Marques and Maria da Conceiç{\~a}o Cunha and Dragan A. Savi{\'c}},
  journal={Journal of Hydroinformatics},
  year={2015},
  volume={17},
  pages={20-35}
}
This paper presents a real options approach to handling uncertainties associated with the long-term planning of water distribution system development. Furthermore, carbon emissions associated with the installation and operation of water distribution networks are considered. These emissions are computed by taking an embodied energy approach to the different materials used in water networks. A simulated annealing heuristic is used to optimise a flexible eco-friendly design of water distribution… 

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